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The Entrepreneurial Ecosystem: The Regional Entrepreneurship and Development Index

30 Pages Posted: 13 Aug 2015 Last revised: 27 Oct 2015

László Szerb

University of Pécs; Janus Pannonius University

Zoltan J. Acs

Schar School of Policy and Government

Raquel Ortega-Argilés

University of Groningen - Faculty of Economics and Business; University of Groningen - RUG

Eva Komlosi

University of Pécs

Date Written: May 30, 2015

Abstract

Our article develops a Regional Entrepreneurship and Development Index (REDI) for capturing the contextual features of the entrepreneurial ecosystems. Building on the National Systems of Entrepreneurship Theory, REDI advances our understanding to profile Entrepreneurial Ecosystems. An important aspect of the REDI method is the Penalty for Bottleneck analysis, which helps identifying constraining factors at the system level. The index structures the ecosystem disparities amongst a mix of 125 NUTS 1 and NUTS 2 regions for 24 EU countries and provides regional level policy suggestions to improve the level of entrepreneurship and optimize resource allocation over the different pillars of the ecosystem.

Keywords: entrepreneurship, innovation, GEM, REDI, entrepreneurial ecosystem, Smart Specialization

JEL Classification: L26, R11, R58

Suggested Citation

Szerb, László and Acs, Zoltan J. and Ortega-Argilés, Raquel and Komlosi, Eva, The Entrepreneurial Ecosystem: The Regional Entrepreneurship and Development Index (May 30, 2015). Available at SSRN: https://ssrn.com/abstract=2642514 or http://dx.doi.org/10.2139/ssrn.2642514

Laszlo Szerb

University of Pécs ( email )

Rakoczi 80
Pecs, 7622
Hungary

Janus Pannonius University ( email )

7622 Pecs Rakoczi ut 80
Hungary
36-72-210-243 (Phone)
36-72-233-129 (Fax)

Zoltan Acs (Contact Author)

Schar School of Policy and Government ( email )

Founders Hall
3351 Fairfax Dr.
Arlington, VA 22201
United States
703-993-1780 (Phone)

HOME PAGE: http://home.ubalt.edu/zacs

Raquel Ortega-Argiles

University of Groningen - Faculty of Economics and Business ( email )

Postbus 72
9700 AB Groningen
Netherlands

University of Groningen - RUG ( email )

P.O. Box 800
Groningen, 9700 AH
Netherlands

Eva Komlosi

University of Pécs ( email )

Rákóczi út 80
Pécs, 7622
Hungary

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